Autoliv Inc Stock Forecast
Red day on Thursday for Autoliv Inc stock after losing 1.15%
(Updated on Apr 18, 2024)
The Autoliv Inc stock price fell by -1.15% on the last day (Thursday, 18th Apr 2024) from $115.69 to $114.36. During the last trading day the stock fluctuated 2.09% from a day low at $113.97 to a day high of $116.35. The price has been going up and down for this period, and there has been a -3.03% loss for the last 2 weeks. Volume has increased on the last day by 44 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 482 thousand shares were bought and sold for approximately $55.13 million.
Given the current short-term trend, the stock is expected to rise 14.18% during the next 3 months and, with a 90% probability hold a price between $130.58 and $146.30 at the end of this 3-month period.
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ALV Signals & Forecast
There are few to no technical positive signals at the moment. The Autoliv Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $116.08 and $118.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -7.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Autoliv Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $108.21 and $106.56. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Autoliv Inc finds support just below today's level at $108.21. If this is broken, then the next support from accumulated volume will be at $106.56 and $103.61.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.38 (2.09%) between high and low. For the last week, the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALV) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Autoliv Inc to open at $114.89, and during the day (based on 14 day Average True Range), to move between $112.24 and $116.48, which gives a possible trading interval of +/-$2.12 (+/-1.86%) up or down from last closing price. If Autoliv Inc takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $117.93 (3.12%) than the support at $108.21 (5.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Autoliv Inc will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.43. We will update the financials statements for Autoliv Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.28% in the first trading day after earnings release.
Is Autoliv Inc stock A Buy?
The Autoliv Inc stock holds several negative signals and despite the positive trend, we believe Autoliv Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.753 Sell Candidate Unchanged
Predicted Opening Price for Autoliv Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $114.89 ( 0.466%) | $114.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.27 | 2.55 % | |
| R2 | 116.36 | 1.75 % | ||
| R1 | 115.80 | 1.26 % | ||
| Current price: | 114.36 | |||
| Support | S1 | 113.98 | -0.329 % | |
| S2 | 113.42 | -0.82 % | ||
| S3 | 112.51 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.93 | 4.00 % | |
| R2 | 118.72 | 3.81 % | ||
| R1 | 117.93 | 3.12 % | ||
| Current price | 114.36 | |||
| Support | S1 | 108.21 | -5.38% | |
| S2 | 106.56 | -6.82% | ||
| S3 | 103.61 | -9.40% |
ALV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 11, 2024 | Mar 27, 2024 | $0.680 | 0.557% |
| 2 | Nov 09, 2023 | Nov 27, 2023 | Dec 13, 2023 | $0.680 | 0.663% |
| 3 | Sep 06, 2023 | Sep 06, 2023 | Sep 22, 2023 | $0.660 | 0.690% |
| 4 | May 10, 2023 | May 24, 2023 | Jun 13, 2023 | $0.660 | 0.738% |
| 5 | Feb 16, 2023 | Mar 07, 2023 | Mar 23, 2023 | $0.660 | 0.750% |
FAQ
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